This compound is primarily used in advanced biochemical and pharmaceutical research, particularly in the development of targeted drug delivery systems. Its structure allows for the conjugation of therapeutic agents, enabling precise delivery to specific cells or tissues. It is also employed in the synthesis of complex molecular probes for imaging and diagnostic applications, where its ability to bind selectively to certain biomolecules is highly valuable. Additionally, it plays a role in the study of protein interactions and cellular processes, aiding in the understanding of disease mechanisms and the development of novel treatments.